Whitman move 'effective immediately'

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HP Inc has announced that Chip Bergh will replace Meg Whitman at the chairman of the business.

Ms Whitman is stepping down from the HP board "effective immediately".

Dion Weisler, president and chief executive of HP, said: “I will be forever grateful to Meg for her many contributions. She is a terrific friend and adviser and will remain so as we continue executing on our strategy of reinvention."

Ms Whitman remains as president and chief executive of Hewlett Packard Enterprise Company.

The business was split into HP Inc and Hewlett Packard Enterprise Company in 2014.

VW: Cooperation has helped electric car industry

VW says: "Cooperation
of this kind is particularly appropriate when it does not concern individual
model specifications.

"In the past, such cooperation existed in particular among
car manufacturers on subjects and issues which did not involve
competition-specific vehicle features and as such were not relevant for or
restrictive to brand competition.

"One example is the envisaged standardisation
of charging connections for electric vehicles."

Volkswagen: It's good to talk

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Volkswagen has issued a statement regarding claims by the European Commission that German car makers have been operating a cartel which discussed a wide range of issues surrounding vehicle development.

While VW's board declined to comment on the specific claims, it said: "It
is quite common for car manufacturers all over the world to engage in an
exchange on technical issues in order to accelerate the pace and quality of
innovations.

"This brings benefits in many respects, not least for customers,
because innovative solutions become available more quickly and at a lower price
than costlier individual solutions."

Gradual US interest rate rises on the way

The US Fed also said in its statement on Wednesday: "The [Federal Open Market] committee expects that economic conditions will evolve in a manner that will warrant gradual increases in the federal funds rate."